Penn Capital Management Co. Inc. Acquires 59,469 Shares of Voya Financial Inc (VOYA)

Penn Capital Management Co. Inc. grew its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 185.0% during the first quarter, HoldingsChannel reports. The firm owned 91,620 shares of the asset manager’s stock after purchasing an additional 59,469 shares during the period. Penn Capital Management Co. Inc.’s holdings in Voya Financial were worth $4,577,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VOYA. Acadian Asset Management LLC grew its holdings in Voya Financial by 8.3% during the fourth quarter. Acadian Asset Management LLC now owns 2,357,393 shares of the asset manager’s stock valued at $94,628,000 after purchasing an additional 180,667 shares during the period. Scout Investments Inc. boosted its holdings in shares of Voya Financial by 94.9% in the first quarter. Scout Investments Inc. now owns 2,336,388 shares of the asset manager’s stock valued at $116,726,000 after buying an additional 1,137,895 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Voya Financial by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,289 shares of the asset manager’s stock valued at $83,902,000 after buying an additional 409,431 shares during the period. Norges Bank acquired a new position in shares of Voya Financial in the fourth quarter valued at approximately $67,212,000. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of Voya Financial by 87.8% in the first quarter. Carillon Tower Advisers Inc. now owns 1,574,587 shares of the asset manager’s stock valued at $78,666,000 after buying an additional 736,112 shares during the period.

In related news, insider Chetlur S. Ragavan sold 1,853 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $49.98, for a total transaction of $92,612.94. Following the completion of the transaction, the insider now owns 37,452 shares in the company, valued at $1,871,850.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chetlur S. Ragavan sold 13,713 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $48.15, for a total transaction of $660,280.95. Following the transaction, the insider now owns 57,595 shares of the company’s stock, valued at approximately $2,773,199.25. The disclosure for this sale can be found here. Insiders have sold 50,049 shares of company stock valued at $2,534,263 in the last 90 days. 1.69% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on VOYA shares. TheStreet upgraded shares of Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. Credit Suisse Group set a $59.00 price target on shares of Voya Financial and gave the company a “buy” rating in a report on Friday, January 25th. ValuEngine upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Royal Bank of Canada upped their price target on shares of Voya Financial to $60.00 and gave the company a “positive” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.00.

Voya Financial stock opened at $53.03 on Monday. The company has a market capitalization of $7.64 billion, a PE ratio of 13.13 and a beta of 1.48. Voya Financial Inc has a twelve month low of $36.66 and a twelve month high of $55.61. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, May 7th. The asset manager reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Voya Financial had a return on equity of 8.45% and a net margin of 5.64%. The business had revenue of $194.00 million for the quarter, compared to analyst estimates of $272.72 million. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, equities research analysts predict that Voya Financial Inc will post 5.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, May 30th. Voya Financial’s payout ratio is 0.99%.

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Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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